In today’s video, we’re discussing Fidelity’s 401k Annual Increase Program which provides users an easy way to increase their retirement savings every year.
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I feel like i wouldnt want to contribute more % if my employer wont match it. I am at a 6% match, but if i get a raise, then that 6% automatically becomes a greater value. Im torn on if I should enroll in this or not?
Great video! On my Fidelity page I can only see Contribution Amount and Roll Money; no Annual Increase option. Why is that?
My work place does not match boohoo. But I still take advantage of the ROTH 401k. Maxing it out this year at $20,500. And ROTH IRA.
I'm matching 5% on my 401k at work. I'm also doing a match on both extra every week.
I love when responsible investing can be done on autopilot! Seems like a neat program!
Great explanation moneybee!